This trend bears watching, as the presence of an SSL certficate was intially touted by consumer protection groups as a way to differentiate between scams and legitimate sites. The U.S. Federal Trade Commission, for example, offered this advice to consumers concerned about phishing: "Before submitting financial information through a Web site, look for the "lock" icon on the browser's status bar. It signals that your information is secure during transmission."
But security professionals are focused on the limitations of SSL in the wake of a recent scam targeting Earthlink users (mentioned near the bottom of this story) which employed an SSL certificate so the bogus page displayed the lock icon. In this case, the certificate appeared legit because it matched the URL of the fake page mimicking the Earthlink web site, but had no connection to Earthlink. Visitors would only detect the deception if they reviewed the certificate.
The SANS Institute's Internet Storm Center noted the scam, and advised its users that "it is not possible to identify fake or real websites by the lock icon alone. ... While you can assure that the session is encrypted, it is not possible to ensure that this is the real organization."
Scammers can also configure their web server so that deceptive SSL certificates won't trigger an alert in the user's browser. "One of the SSL encoding methods is 'plain text'," Neal Krawetz from Secure Science Corporation noted in the SANS post on the issue. "Most SSL servers have this disabled by default, but most browsers support it. When plain text is used, no central certificate authority is consulted and the user never sees a message asking if a certificate should be accepted (because 'plain text' doesn't use certificates). Keeping that in mind, the little lock icon may not even indicate an encrypted channel. The little lock only indicates an SSL connection."
The evolving strategies of phishing crews underscore the need for continuing consumer education on detecting deceptive URLs, web sites and now, to discern authentic SSL certificates and relationships as well.
Netcraft has developed a service to help banks and other financial organizations identify sites which may be trying to construct frauds, identity theft and phishing attacks by pretending to be the bank, or are implying that the site has a relationship with the bank when in fact there is none.